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Montour board approves June financials, large bill payments and a $4 million investment shift
Summary
At its July 17 meeting the board accepted the Treasurer’s Report showing FY-to-date revenues of $77.25 million and expenditures of $81.94 million, approved payment/ratification of millions in bills, and agreed to invest $4 million from PSDLAF/PLGIT into a two‑year First National Bank term.
The Montour School District Board on July 17 accepted the Treasurer’s Report for June 2025 and approved payment and ratification of district bills totaling multiple millions.
Director of Finance Anna Borsos reported General Fund year‑to‑date revenues of $77,254,287.81 and expenditures of $81,936,997.71. The board approved bills to be paid from the General Fund of $6,133,315.48 and ratified bills totaling $2,620,879.66. Borsos also outlined current bank and investment positions including FNB checking, FNB money-market balances, multiple one‑year FNB CDs, and PSDLAF/PLGIT holdings.
The board voted to move $4,000,000 currently held with PSDLAF and PLGIT into a two‑year First National Bank term deposit per the proposal in the packet. The minutes record the vote on the Treasurer’s/Budget & Finance items as carried unanimously by those present.
